Civic Intelligence

Osage Economic Betterment Company

990 • Fiscal year 2019 • EIN 47-3978454

Oct 01, 2018 to Sep 30, 2019 • Filed on Oct 24, 2019

Organization ProfileN/A
1429 Main StreetOsage, IA 50461

(641) 732-3337

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

91st percentile

0.70x

Higher debt load relative to assets than 91% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

97th percentile

4.15x

Higher debt load relative to revenue than 97% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2019

Net Margin

80th percentile

31%

Higher net margin than 80% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2019

Asset Growth

28th percentile

-2.4%

Faster asset growth than 28% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

41st percentile

-0.1%

Faster revenue growth than 41% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets91st percentile

Assets

Down

$854,077

Down $20,835 (-2.4%) from 2018

Net Assets

Up

$252,372

Up $44,466 (+21%) from 2018

Liabilities

Down

$601,705

Down $65,301 (-9.8%) from 2018

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin80th percentile

Revenue

Down

$145,133

Down $111 (-0.1%) from 2018

Expenses

Up

$100,667

Up $26,171 (+35%) from 2018

Net Income

Down

$44,466

Down $26,282 (-37%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth28th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2015: $857,882Liabilities 2015: $855,790Net Assets 2015: $2,0922015Assets 2016: $855,880Liabilities 2016: $797,447Net Assets 2016: $58,4332016Assets 2017: $870,460Liabilities 2017: $733,302Net Assets 2017: $137,1582017Assets 2018: $874,912Liabilities 2018: $667,006Net Assets 2018: $207,9062018Assets 2019: $854,077Liabilities 2019: $601,705Net Assets 2019: $252,3722019Assets 2020: $846,212Liabilities 2020: $526,772Net Assets 2020: $319,4402020Assets 2021: $883,362Liabilities 2021: $466,537Net Assets 2021: $416,8252021Assets 2022: $1,811,566Liabilities 2022: $391,337Net Assets 2022: $1,420,2292022Assets 2023: $1,848,339Liabilities 2023: $312,901Net Assets 2023: $1,535,4382023Assets 2024: $1,887,291Liabilities 2024: $231,133Net Assets 2024: $1,656,1582024Assets 2025: $2,177,062Liabilities 2025: $434,631Net Assets 2025: $1,742,4312025

Highlighted filing

2019

Assets$854,077
Liabilities$601,705
Net Assets$252,372
Open 2019 Filing

Operations Trend

Revenue Growth41st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0Revenue 2015: $12,665Expenses 2015: $10,573Net Income 2015: $2,0922015Revenue 2016: $146,242Expenses 2016: $89,901Net Income 2016: $56,3412016Revenue 2017: $145,870Expenses 2017: $67,145Net Income 2017: $78,7252017Revenue 2018: $145,244Expenses 2018: $74,496Net Income 2018: $70,7482018Revenue 2019: $145,133Expenses 2019: $100,667Net Income 2019: $44,4662019Revenue 2020: $130,213Expenses 2020: $63,145Net Income 2020: $67,0682020Revenue 2021: $166,879Expenses 2021: $69,494Net Income 2021: $97,3852021Revenue 2022: $1,072,786Expenses 2022: $69,382Net Income 2022: $1,003,4042022Revenue 2023: $180,407Expenses 2023: $65,198Net Income 2023: $115,2092023Revenue 2024: $180,538Expenses 2024: $59,818Net Income 2024: $120,7202024Revenue 2025: $183,876Expenses 2025: $97,603Net Income 2025: $86,2732025

Highlighted filing

2019

Revenue$145,133
Expenses$100,667
Net Income$44,466
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Oct 24, 2019
Return Version
2018v3.1
Gross Receipts
$145,133
Mission and Program Overview

Mission

Economic development, to create jobs by supplying help to new business, and to support existing business, this could include purchasing space to rent out to existing business to maintain jobs in the area and to allow space for new business to start.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$787,568$768,964▼ $18,604
Rtn Earn Endowment Incm Other Fnds$207,906$252,372▲ $44,466
Cash and Non-Interest-Bearing Accounts$87,344$85,113▼ $2,231
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$874,912$854,077▼ $20,835
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$667,006$601,705▼ $65,301
Total Liabilities$667,006$601,705▼ $65,301
Net Assets / Fund Balance
Total Net Assets Fund Balance$207,906$252,372▲ $44,466
Total Liabilities and Net Assets / Fund Balance$874,912$854,077▼ $20,835

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$668,964$75,190$744,154
Land$100,000-$100,000
Compensation and Service Providers
Top Officer Pay70th percentile

Board Members and Trustees

NameTitle
Kevin KolbetPresident
Jerry DunleyDirector
Jessica MarzenDirector
Mark TaetsDirector
Lou Ann MurphyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$145,133
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$44,466
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$80,667
Grants and Similar Amounts Paid$20,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$28,330--$28,330
Grants to Domestic Orgs$20,000--$20,000
Depreciation Depletion$18,604--$18,604
Insurance$11,862--$11,862
Other Expenses$8,094--$8,094
Fees for Services Accounting$1,230--$1,230
Total Functional Expenses$100,667$0$0$100,667
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Osage Community DaycareOsage, IA-Build Public Daycare Facility$20,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings

“Board meetings only, no committes”

Form 990, Part VI, Line 11B: Form 990 Review Process

“Treasure will review form 990 looking for any errors.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Copy of 990 is available upon request”

Filing and Contact Details

Filer

Filer Name
Osage Economic Betterment Company
EIN
47-3978454
Phone
6417323337
Address
1429 MAIN STREET, OSAGE, IA 50461

Signing Officer

Name
Kevin Kolbet
Title
President
Signed
2019-10-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Kolbet
Formed
2014
Legal Domicile
Ia
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
4

Preparer

Firm
Murphy Coe & Smith PLLC
Address
621 Main Street, Osage, IA 50461
Preparer
Lou Ann Murphy
Phone
6417325841
Raw XML Appendix353 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0874912
IRS990/TotalAssetsEOYAmt0854077
IRS990/TotalAssetsGrp/BOYAmt0874912
IRS990/TotalAssetsGrp/EOYAmt0854077
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0100667
IRS990/TotalFunctionalExpensesGrp/TotalAmt0100667
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0667006
IRS990/TotalLiabilitiesEOYAmt0601705
IRS990/TotalLiabilitiesGrp/BOYAmt0667006
IRS990/TotalLiabilitiesGrp/EOYAmt0601705
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0207906
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0252372
IRS990/TotalProgramServiceExpensesAmt0100667
IRS990/TotalProgramServiceRevenueAmt0145133
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0145133
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0145133
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0874912
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0854077
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01429 MAIN STREET
IRS990/USAddress/CityNm0OSAGE
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd050461
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KEVIN KOLBET
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-10-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OSAGE ECONOMIC BETTERMENT COMPANY
ReturnHeader/Filer/BusinessNameControlTxt0OSAG
ReturnHeader/Filer/EIN0473978454
ReturnHeader/Filer/PhoneNum06417323337
ReturnHeader/Filer/USAddress/AddressLine1Txt01429 MAIN STREET
ReturnHeader/Filer/USAddress/CityNm0OSAGE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050461
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0464100345
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Murphy Coe & Smith PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0621 Main Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Osage
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd050461
ReturnHeader/PreparerPersonGrp/PhoneNum06417325841
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Lou Ann Murphy
ReturnHeader/ReturnTs02019-10-24T09:08:42-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-10-01
ReturnHeader/TaxPeriodEndDt02019-09-30
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$854,077
Liabilities
$601,705
Net assets
$252,372
Revenue
$145,133
Expenses
$100,667
Net income
$44,466
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.18$0.43$1.74$0.18$0.10$0.09
2024Detailed filing. Detailed filing data is available for this year.$1.89$0.23$1.66$0.18$0.06$0.12
2023Detailed filing. Detailed filing data is available for this year.$1.85$0.31$1.54$0.18$0.07$0.12
2022Detailed filing. Detailed filing data is available for this year.$1.81$0.39$1.42$1.07$0.07$1.00
2021Detailed filing. Detailed filing data is available for this year.$0.88$0.47$0.42$0.17$0.07$0.10
2020Detailed filing. Detailed filing data is available for this year.$0.85$0.53$0.32$0.13$0.06$0.07
2019Detailed filing. Detailed filing data is available for this year.$0.85$0.60$0.25$0.15$0.10$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.87$0.67$0.21$0.15$0.07$0.07
2017Detailed filing. Detailed filing data is available for this year.$0.87$0.73$0.14$0.15$0.07$0.08
2016Detailed filing. Detailed filing data is available for this year.$0.86$0.80$0.06$0.15$0.09$0.06
2015Summary only. Only limited summary data is available for this year.$0.86$0.86$0.00$0.01$0.01$0.00